That's a serious breach. folks. And looks like it's going parabolic:
Maybe this line will hold?
The mining stocks also made new lows. One would expect them to diverge when a bottom is in.
Please check out GDXJ,
and, even more tellingly, the S&P vs. GDXJ since Nov 19, 2012.Mr. Silvergoldsilver. It may be several years before we see the $1525 line in the sand that was breached April 12. That's not a prediction, mind you, but a possibility that one should deny offhand at one's own financial risk.
I say that sadly, as I strongly believe in the merits sound money, detest the idea of central planning, and resent the corruption and incompetence of the half-men and sociopaths running the show. But the charts probably aren't lying.